Govt reduces VAT on daily items to 4 per cent
CONTINUING with its rollback spree, the Delhi government today decided to bring down VAT rates on household commodities from 12.5 to 4 per cent. According to Finance Minister Dr A K Walia, ‘‘the decision was an important bonanza for Delhiites, especially for women and the poor.’’ He said this rationalisation of tax rates will go a long way in making VAT more people-friendly.
The commodities include tea, cutlery, lunch box, bottle, tray, basket, comb, jug, soapcase, mug, toothbrush, mat, tub and drum up to 100 litre-capacity. Fittings for door, windows, mirrors, photo-frames, packed flavoured milk and yoghurt, additives, welding equipment, glue and adhesives will also be levied with a 4 per cent VAT. Meanwhile, vadis, plates and cups made out of leaves, and manual and animal-driven agricultural equipment spares have been exempted of VAT.
Source: cities.expressindia.com